To be in talks with the u. S. Government to avoid a sale. Lets get started with the quick check of the markets. U. S. Futures coming offline. Down given the rally we saw in the regular session. There was really solid buying throughout the session. A big reversal from the selloff we saw yesterday. The s p 500 saw the best day since june. 500 sectors11 s p up led by tech. Higher. T was also the nasdaq gained. And headingalling toward the 37 per barrel level. This is after it saw the biggest jump since june. There has also been expectation that u. S. Crude stockpiles would extend their streak of declines. We are waiting for the brent open but we have seen it back above 40 per barrel. Of the oil ande gas names here in asia. Lets look at how asian markets are setting up for the day given that we had a rebound we saw in the u. S. Most stocks ending off the session highs. Just half ais percent higher. Sidney futures looking much more positive. We are also getting increasing nervousness when i
Panic or price spikes. Than 52na listing more times oversubscribed. We will assess investors appetite with the ceo, Joel Silverstein. Haidi that is a market highlight but in the meantime, lets take a look at how the set up in asia is faring given we did have the resounding tech rebound. Sophie, what are you watching . At. 8 . S p eminis stock futures pointing higher come of this ahead of the session that brings philippine trade data and a decision from malaysia. Beth are split. The malaysian economy is showing signs of a rebound. Korma she orders are due. We may see a pickup in cap exeter and by the auto sector in japan. From south korea, we are waiting on an announcement of a fourth extra budget that is expected later this afternoon ahead of that we have kospi futures looking a little bit lower. We have the kospi set to be the best performer in asia this month, up 2. 1 so far in september. A quick check on the offshore yuan just Holding Steady after rebounding on that dollar softening
The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
West coast. And disneys new film rely on faces calls for a boycott and control the sea over links to. As its released in mainland china. India and china have reached an agreement on deescalation tensions along their disputed border nearly 3 months after the biggest a military confrontation between the 2 sides in the last 45 years Foreign Ministers from both countries have been holding talks in moscow the 5 point plan is centered around honoring existing border agreements 20 indian troops were killed in hand to hand combat in june in the border area of the northern the dak region which china also claims both sides are prohibited from using arms there under a treaty well for more on this lets speak to my whole crew woman hes the Deputy Director and senior associate for south asia at the Wilson Center is asia program he joins us now from washington d. C. Michael we knew these talks were happening did the extend of todays deal come as a surprise to you i think theres actually no timeline f
Being submerged teams battle to protect an ancient archaeological site from floods in sudan. India and china have reached an agreement on deescalating tensions along that disputed border really 3 months after the biggest military confrontation between the 2 sides in the last 45 years Foreign Ministers from both countries have been holding talks in moscow the 5 point plan is centered around honoring existing border agreements 20 indian troops were killed in hand to hand combat in june in the border area of the northern which china also claims both sides are prohibited from using arms under a treaty well lets bring in schmidt ganguli hes a professor of Political Science at Indiana University in bloomington. Weve seen a number of serious clashes recently along the line of control between both sides how significant is this deal and how much pressure was there on both india and china to deescalate tensions. Well i think this deal is significant but on the other hand i am still cautious beca